Public Service Loan Forgiveness

PSLF

PSLF

The Public Service Loan Forgiveness Program (PSLF) was developed to encourage borrowers to enter full-time public service employment. Eligible loans may be forgiven after making 120 months of qualifying payments while working full time in an eligible public service position.

Three Key Factors to Qualify for PSLF:

You must make qualifying payments: repay your Direct Loans under the Standard, Income Based Repayment (IBR), or Pay As You Earn (PAYE) plan

You must work in a qualifying job: eligible employment includes non-profit, tax-exempt 501 (c) (3) organizations, government, law enforcement, military, public interest law services (including prosecution or public defense or legal advocacy in low-income communities at a non-profit organization), public education, etc.